U.S. stock-index futures fell, after the Standard & Poor’s 500 Index extended a record, as earnings at Amazon.com Inc and Visa Inc. missed estimates. Amazon dropped 10 percent after trailing analysts’ predictions for the second successive quarter. Visa fell 2.9 percent after lowering its full-year revenue forecast. Pandora (P) Media Inc. slid 8.6 percent after the number of active listeners reported by the biggest Internet radio service missed some analysts’ estimates. Baidu Inc. rose 7.8 percent after earnings topped projections. Futures on the S&P 500 expiring in September slipped 0.2 percent to 1,977.5 at 8:33 a.m. in New York. Dow Jones Industrial Average contracts lost 20 points, or 0.1 percent, to 16,978 today. Nasdaq 100 Index futures sank 0.3 percent. “The results season has been going fine, not spectacular, but fine,� Matthew Beesley, head of global equities at Henderson Global Investors Holdings Ltd., said. “There’s a worry that growth is slowing worldwide, so people have been watching corporate data very closely. It’ll be the financial results that will be moving markets, as none of the geopolitical events going on right now have much effect.‘‘ The S&P 500 is heading for a second weekly gain as corporate earnings reports have boosted confidence in the economy and inflation data signaled the Federal Reserve won’t be compelled to raise interest rates in the near future. Ukraine, Gaza Investors have also been watching geopolitical tensions in the Middle East and Ukraine. The U.S. today accused Russia of shelling Ukrainian military positions across its border, raising tensions after the ruling coalition in Kiev broke apart. Russia’s central bank unexpectedly increased borrowing costs for a third time this year as the intensifying conflict and the threat of wider sanctions squeeze the economy and undercut the ruble. Israel and Hamas are considering a U.S.-backed proposal for a temporary cease-fire as the conflict in the Gaza Strip intensified. Data today showed orders for U.S. business equipment rose in June following a revised drop the prior month, indicating corporate investment remains stop-and-go and could hold back economic growth. Eleven companies on the S&P 500 report earnings today. Of the members that have posted results so far, 78 percent have beaten estimates for profit and 66 percent have exceeded projections for sales. Amazon Losses Amazon (AMZN) tumbled 10 percent to $321.66. The world’s largest online retailer reported a second-quarter loss of $126 million, compared with the average estimate by analysts for $66.7 million, as its cloud-computing business showed signs of cooling and investments in new distribution warehouses and gadgets curtailed earnings. ‘‘I’m not overly concerned with Amazon’s losses,� said Patrick Spencer, managing director and head of U.S. equity sales at Robert W. Baird & Co. “They’re focusing on building a business rather than reaping short-term earnings.� Visa dropped 2.9 percent to $216.38. The world’s largest payments network said revenue for the accounting year ending Sept. 30 may climb 9 percent to 10 percent from a year earlier. That’s lower than an April forecast of 10 percent to 11 percent. Pandora lost 8.6 percent to $26.25. The number of active listeners grew 7.5 percent to 76.4 million users in the second quarter, the company said yesterday. That missed the 76.6 million estimate of Corey Barrett, an analyst at Pacific Crest Securities, and a projection of 77 million by Mark Mahaney at RBC Capital Markets. Baidu advanced 7.8 percent to $220.21. The operator of China’s largest Internet search service reported second-quarter net income of 3.55 billion yuan ($572.5 million), beating the analysts’ average prediction of 2.85 billion yuan. To contact the reporter on this story: Anna Hirtenstein in London at ahirtenstein@bloomberg.net To contact the editors responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net Jeremy Herron, Srinivasan Sivabalan

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